Karachi, Pakistan – The State Bank of Pakistan (SBP) has published the customers’ exchange rates for December 06, 2021, providing insights into the current currency values.
These rates are formulated based on the weighted average rates of commercial banks and play a crucial role in guiding businesses and individuals engaged in international transactions.
The SBP emphasizes that the exchange rate data is compiled and disseminated solely for informational purposes. These rates serve as estimates quoted by various commercial banks to their clients, guiding them in making decisions related to international trade and financial transactions.
Currency exchange rates are instrumental for businesses involved in global trade, as well as individuals engaging in foreign transactions or travel. The indicative exchange rates provided by banks are crucial benchmarks for commercial dealings, impacting the costs associated with buying and selling different currencies.
As of December 06, 2021, the buying and selling rates for selected currencies are as follows:
• AED (United Arab Emirates Dirham): Buying 47.9405, Selling 48.0511
• AUD (Australian Dollar): Buying 123.4998, Selling 123.7796
• CAD (Canadian Dollar): Buying 137.2167, Selling 137.5263
• CHF (Swiss Franc): Buying 191.1204, Selling 191.5522
• CNY (Chinese Yuan): Buying 27.6549, Selling 27.7153
• EUR (Euro): Buying 198.6141, Selling 199.0864
• GBP (British Pound): Buying 232.8362, Selling 233.3866
• JPY (Japanese Yen): Buying 1.5567, Selling 1.5603
• SAR (Saudi Riyal): Buying 46.9098, Selling 47.0172
• USD (United States Dollar): Buying 175.9581, Selling 176.3809
It’s important for customers to recognize that these rates are indicative and can vary between commercial banks. The SBP encourages individuals and businesses to verify the rates directly with their respective banks before engaging in any currency transactions.
The fluctuation in exchange rates is a common occurrence influenced by various economic factors, including interest rates, inflation, and geopolitical events. Staying informed about these rates allows businesses and individuals to make strategic decisions regarding their international financial dealings.
The SBP remains committed to providing transparent and up-to-date information, empowering customers to navigate the dynamic landscape of global finance with confidence. As the world continues to evolve, these exchange rates play a pivotal role in shaping economic decisions and fostering international trade.
